REG - Entain PLC - Director/PDMR Shareholding

EntainAnnouncement

10/09/2024 12:00

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RNS Number : 6063D  Entain PLC  10 September 2024

10 September 2024

Entain plc

("Entain" or "Group" or "Company")

 

Notification of Transactions by Persons Discharging Managerial Responsibility

Or Persons Closely Associated

Awards granted under the Entain plc 2017 Long Term Incentive Plan ("LTIP")

Entain plc (LSE: ENT), the global sports betting and gaming group, announces
that, pursuant to Gavin Isaacs' appointment as Chief Executive Officer and
Executive Director of the Company with effect from 2 September 2024, the
following award over Entain ordinary shares of €0.01 each ("Shares") has
been granted to him under the Rules of the LTIP on 10 September 2024 as set
out below:

 

 Name          Role                          Number of Shares subject to the Award
 Gavin Isaacs  CEO & Executive Director      584,893

 

The LTIP awards will normally vest on 10 September 2027, subject to 1)
continuous employment; and 2) the satisfaction of the relative Total
Shareholder Return performance conditions set by the Company's Remuneration
Committee on 20 February 2024.  More detail about these stretching
performance conditions can be found in the 2023 Directors' Remuneration Report
in the 2023 Entain Annual Report which is available on the Entain corporate
website at www.entaingroup.com (http://www.entaingroup.com/) .  The post tax
number of shares vesting from these awards are subject to a two-year, post
vest, holding period.

 

The terms of the award provide the Remuneration Committee with the ability to
review the outcome at vesting and, if it concludes that a participant would
benefit from 'windfall gains', it will consider making appropriate adjustments
to reflect this.

 

The information set out below is provided in accordance with the requirements
of Article 19(3) of the Market Abuse Regulation (EU) No. 596/2014 as it forms
part of English law by virtue of the European Union (Withdrawal) Act 2018.

 

Enquiries:

 Company Secretary                      secretary@entaingroup.com (mailto:secretary@entaingroup.com)

 Investor Relations - Entain plc        investors@entaingroup.com (mailto:investors@entaingroup.com)

 Media - Entain plc                     media@entaingroup.com

 Sodali & Co                            Tel: +44 (0) 20 7250 1446

 Rob Greening/Russ Lynch/Sam Austrums   entain@sodali.com

 

LEI: 213800GNI3K45LQR8L28

 

About Entain plc

Entain plc (LSE: ENT) is a FTSE100 company and is one of the world's largest
sports betting and gaming groups, operating both online and in the retail
sector. The Group owns a comprehensive portfolio of established brands: Sports
brands include BetCity, bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds,
Sportingbet, Sports Interaction, STS, SuperSport and TAB NZ; Gaming brands
include Foxy Bingo, Gala, GiocoDigitale, Ninja Casino, Optibet, Partypoker and
PartyCasino. The Group owns proprietary technology across all its core product
verticals and in addition to its B2C operations provides services to a number
of third-party customers on a B2B basis.

The Group has a 50/50 joint venture, BetMGM, a leader in sports betting and
iGaming in the US. Entain provides the technology and capabilities which power
BetMGM as well as exclusive games and products, specially developed at its
in-house gaming studios. The Group is tax resident in the UK and is the only
global operator to exclusively operate in domestically regulated or regulating
markets operating in over 30 territories.

Entain is a leader in ESG, a member of FTSE4Good, the DJSI and is AA rated by
MSCI. For more information see the Group's website: www.entaingroup.com
(https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.entaingroup.com%2F&data=05%7C01%7CEmily.Carey%40entaingroup.com%7C89986aa3574b4384d55c08db10dbbe93%7C60c43c0a64ac4050bf3e31e1cdfffdeb%7C0%7C0%7C638122308205799396%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=XNdgGlXYdOaFRljkqU6Ae%2BTjlt%2B4xA90bacwAGAunqc%3D&reserved=0)

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Gavin Isaacs
 2   Reason for the notification
 a)  Position/status                                              Chief Executive Officer
 b)  Initial notification/Amendment                               Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Entain plc
 b)  LEI                                                          213800GNI3K45LQR8L28
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Ordinary shares of Entain plc of €0.01 each

 
     Identification code

                                                                  IM00B5VQMV65
 b)  Nature of the transaction                                    Grant of conditional shares under the Entain plc 2017 Long Term Incentive Plan
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil        584,893

 
 d)  Aggregated information

- Aggregated volume

     - Price

                                                            584,893 ordinary shares of €0.01 each

                                                                  Nil consideration
 e)  Date of the transaction                                      10 September 2024
 f)  Place of the transaction                                     Outside a trading venue

 

d)

Aggregated information

 -  Aggregated volume
 -  Price

 

 

 

584,893 ordinary shares of €0.01 each

Nil consideration

e)

Date of the transaction

10 September 2024

f)

Place of the transaction

Outside a trading venue

 

 

 

 

 

 

 

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